【$ETH Signal】Bearish momentum continues, targeting below the 4H Bollinger middle band

$ETH 1H MACD histogram continues to expand, indicating ongoing bearish momentum. The 4H price has broken below the Bollinger middle band at 2313, currently trading between the middle and lower bands, with buy-side depth imbalance reaching -95.3%, indicating very weak buying willingness below. Negative funding rates combined with price decline suggest a typical bearish control pattern.

🎯Direction: Short

⚡Entry: Enter at current price 2297.3, or buy on rebound near 2315.

🛑Stop Loss: 2354.1

🚀Target 1: 2256.4

🚀Target 2: 2223.9

🛡️Trade Management: - Execution strategy: After the price hits 2256, move half of the position’s stop loss down to the entry price to lock in profits. The remaining position aims for the second target. If the price rebounds and breaks above the 1H EMA20 (2310), be alert for short-term rebound risks.

Order book data shows a heavy sell wall with persistent selling pressure. The 1H volume has increased during the decline, but the latest candle’s volume has shrunk, possibly entering a short-term consolidation. The 4H MACD double lines are below zero, indicating a bearish trend. In this environment, a rebound is an opportunity to add positions, with a risk-reward ratio over 2:1, making it worth a try.

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